OPEN-SOURCE SCRIPT
Smoothed Heiken Ashi
Updated
It is a Heiken Ashi candle overlay. It has a selectable moving average before HA calculation and another after HA calculation, to smooth original Heiken Ashi candles.
It can be used:
A lot of moving averages can be selected to adjust it to the selected market.
It uses my TAExt library, so you can use it in your strategies as well.
It can be used:
- Detecting Short/Long term trend direction
- Dynamic support/resistance, not just a line, but it has a height
- Trailing stop
- Trend reversal detection, when price cross above/below Heiken Ashi candle
A lot of moving averages can be selected to adjust it to the selected market.
It uses my TAExt library, so you can use it in your strategies as well.
Release Notes
Multiple timeframes supportRelease Notes
Fixed Dema, Tema and Donchian MA typesOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.